BellRing Brands (BRBR) director defers retainer into 236.9 stock equivalents

Rhea-AI Filing Summary

BellRing Brands, Inc. director deferred compensation was converted into additional stock equivalents. On 12/31/2025, the reporting person acquired 236.932 BellRing Brands common stock equivalents at $26.73 each, increasing the number of derivative securities beneficially owned to 2,021.528, held directly.

These stock equivalents are granted under the company’s Deferred Compensation Plan for Directors. A portion of the director’s retainer is deferred each quarter into common stock equivalents, which are credited on a quarterly basis as soon as administratively practical. The value of these equivalents will be settled one-for-one in BellRing Brands common stock when the director retires from the Board, and the equivalents have no fixed exercisable or expiration dates.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

STEIN ELLIOT JR

(Last) (First) (Middle)

C/O BELLRING BRANDS, INC.

1 N BRENTWOOD BLVD., SUITE 1550

(Street)

ST. LOUIS MO 63105

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BELLRING BRANDS, INC. [ BRBR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
BellRing Brands, Inc. Common Stock Equivalents	(1)	12/31/2025		A		236.932		(2)	(2)	Common Stock	236.932	$26.73	2,021.528	D

Explanation of Responses:

1. A portion of Reporting Person's retainer earned as a Director of Issuer is deferred into Issuer Common Stock equivalents under the Issuer's Deferred Compensation Plan for Directors. Reporting Person is credited with stock equivalents on a quarterly basis as soon as administratively practical following the quarter in which such retainer is earned. The value of these stock equivalents is distributed (on a one-for-one basis) in the form of Issuer Common Stock upon Reporting Person's retirement from the Board of Directors.

2. The Common Stock equivalents have no fixed exercisable or expiration dates.

Remarks:

	/s/ Craig L. Rosenthal, Attorney in Fact	01/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did BellRing Brands (BRBR) report in this Form 4?

A BellRing Brands director reported acquiring 236.932 common stock equivalents on 12/31/2025 under the Deferred Compensation Plan for Directors, bringing total derivative holdings to 2,021.528 equivalents.

How does the BellRing Brands (BRBR) director deferred compensation plan work?

A portion of the director’s retainer is deferred into BellRing Brands common stock equivalents, which are credited quarterly and later distributed as an equal number of common shares when the director retires from the Board.

What security was involved in the BellRing Brands (BRBR) insider transaction?

The transaction involved BellRing Brands, Inc. common stock equivalents, classified as derivative securities that track the value of the company’s common stock on a one-for-one basis at distribution.

When will the BellRing Brands (BRBR) director receive actual shares for these stock equivalents?

The director will receive BellRing Brands common stock on a one-for-one basis upon retirement from the Board of Directors, when the deferred stock equivalents are distributed.

Do the BellRing Brands (BRBR) common stock equivalents have an expiration date?

No. The filing states that the common stock equivalents have no fixed exercisable or expiration dates; they remain outstanding until settled in common stock at the director’s retirement.

What was the reference price for the BellRing Brands (BRBR) stock equivalents in this transaction?

The reported acquisition of 236.932 BellRing Brands common stock equivalents was recorded at a reference price of $26.73 per equivalent.